Canpotex Limited, owned by Agrium Inc. (TSX:AGU,NYSE: AGU), Mosaic Canada Crop Nutrition, LP, Potash Corporation of Saskatchewan Inc. (TSX:POT, NYSE:POT) announced that it has signed an agreement with that Sinochem Fertilizer Macao Commercial Offshore Limited to supply 1,000,000 tonnes of potash in the first half (January – June) 2013 at price levels which include a US$70.00 per tonne reduction from the last contract price established in March, 2012.

As quoted in the press release:

Sinofert is China’s largest integrated agricultural company and a long-term business partner of Canpotex. Sinofert and Canpotex continue to collaborate on extensive market development programs in China that provide Chinese farmers with the educational tools needed to improve yields through balanced fertilizer application and other best farming practices.

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South Boulder Mines Ltd. (ASX:STB) is focused on becoming emerging producer of premium potash and agricultural chemicals from the Colluli potash resource in Eritrea, Africa. The shallow depth and large size of the deposit along with the solid form and unique combination of salts differentiate the Company from other potash producers.

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The long-term outlook for Potash is positive and the worlds largest Potash producers are confident that the next few years will see a return to robust demand growth. The main growth markets for the metal are the BRIC countries, but demand from Western economies is expected to rise as well. The automotive and aerospace industries are seen as the main catalysts for new growth as manufacturers seek to reduce fuel consumption by creating lighter weight vehicles.

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